UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) Sees Large Growth in Short Interest

UniCredit S.p.A. Unsponsored ADR (OTCMKTS:UNCRY) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 157,221 shares, a growth of 214.8% from the October 15th total of 49,946 shares. Based on an average daily volume of 824,228 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

UniCredit Price Performance

Shares of OTCMKTS UNCRY traded down $0.19 during midday trading on Friday, reaching $46.28. 146,512 shares of the company traded hands, compared to its average volume of 372,034. The stock has a 50-day moving average price of $44.89 and a 200 day moving average price of $43.48. UniCredit has a 52 week low of $33.63 and a 52 week high of $50.28.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Barclays reiterated an “overweight” rating on shares of UniCredit in a research note on Friday, July 24th. Citigroup reaffirmed a “buy” rating on shares of UniCredit in a report on Monday, September 28th. Royal Bank Of Canada began coverage on shares of UniCredit in a research report on Tuesday, September 15th. They issued a “hold” rating on the stock. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of UniCredit in a report on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, UniCredit presently has a consensus rating of “Moderate Buy”.

UniCredit Company Profile

UniCredit is a European banking group headquartered in Milan, Italy. It provides financial services to individuals, businesses and institutions, with activities spanning retail and commercial banking, corporate and investment banking, payments, and wealth management. The group serves customers across Europe, with a presence in Italy, Germany, Austria and Central and Eastern European markets. Its offerings include deposit and lending products, financing and transaction services, and investment and advisory solutions.